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25 Apr 2016
Colombia expected to hike rates – BBH
Analysts at BBH expects the Colombian central bank to tighten its monetary policy at its meeting on Friday.
Key Quotes
“Colombian central bank meets Friday and is expected to hike rates 25 bp to 6.75%”.
“However, the market is split. Of the 19 analysts polled by Bloomberg, 11 see a 25 bp hike while 8 see a 50 bp hike to 7.0%”.
“CPI rose 8.0% y/y in March, the highest since October 2001 and double the top of the 2-4% target range. The latest Bloomberg survey shows median expectations for only two more 25 bp hikes in H1 that would take the policy rate to 7.0%”.
Key Quotes
“Colombian central bank meets Friday and is expected to hike rates 25 bp to 6.75%”.
“However, the market is split. Of the 19 analysts polled by Bloomberg, 11 see a 25 bp hike while 8 see a 50 bp hike to 7.0%”.
“CPI rose 8.0% y/y in March, the highest since October 2001 and double the top of the 2-4% target range. The latest Bloomberg survey shows median expectations for only two more 25 bp hikes in H1 that would take the policy rate to 7.0%”.